Item P044
CM
ounty of onroe
BOARD OF COUNTY COMMISSIONERS
Mayor Heather Carruthers, District 3
Mayor Pro Tem George Neugent, District 2
TheFloridaKeys
Danny L. Kolhage, District 1
David Rice, District 4
Sylvia J. Murphy, District 5
County Commission Meeting
September 21, 2016
Agenda Item Number: P.4
Agenda Item Summary #1998
BULK ITEM: DEPARTMENT:
Yes Risk Management
TIME APPROXIMATE:STAFF CONTACT:
Maria Slavik
N/A
AGENDA ITEM WORDING:
Approval to accept renewal from The Florida Municipal Insurance
Trust Agreement #386 to provide General Liability, Vehicle Liability and Public
ITEM BACKGROUND:
The policy provides insurance coverage for sums which the County may
become legally obligated to pay as a result of bodily injury, property damage, or personal injury
arising out of its operations. The policy also provides for reimbursement percentage of legal fees
provides coverage consistent with chapter 440, Florida Statutes.
The cost of the County's Excess Workers' Compensation coverage may vary slightly when the
County's Experience Modification Factor is issued. The effective date of the County's Modification
Factor will be 10/1/16 and is a critical element of any Workers' Compensation premium.
PREVIOUS RELEVANT BOCC ACTION:
Coverage was previously bid in 2014. The BOCC
approved the last renewal with FMIT on September 16, 2015.
CONTRACT/AGREEMENT CHANGES:
FMIT has proposed to renew the 2016-2017 program for an annual premium of $630,616.00. FMIT
proposed a premium increase of $34,231.00 (5.74%) attributable to the County's payroll increase
from $68,835,326.00 to $74,406,077.00. This is an increase of $5,570,751.00 (8.09%).
STAFF RECOMMENDATION:
Approval to accept proposal from Florida League of Cities at a
cost of $630,616.00. To be paid in quarterly installments for the period of October 1, 2016 to
September 30, 2017. This is an increase of $34,231.00 (5.74%). It is being requested that
auth
DOCUMENTATION:
4EGOIX4K
4
Interisk Recommendation Letter and FMIT Renewal Quote for 2016-2017
FINANCIAL IMPACT:
Effective Date: 10/1/16
Expiration Date: 10/1/17
Total Dollar Value of Contract: $630,616.00
Total Cost to County: $630,616.00
Current Year Portion: 596,385.00
Budgeted:
yes
Source of Funds: Internal Service Fund/Primarily Ad Valorem
CPI: N/A
Indirect Costs: N/A
Estimated Ongoing Costs Not Included in above dollar amounts: N/A
Revenue Producing: No If yes, amount:
Grant:
N/A
County Match
: N/A
Insurance Required:
N/A
Additional Details:
REVIEWED BY:
Maria Slavik Completed 08/26/2016 11:10 AM
Bob Shillinger Completed 08/30/2016 11:48 AM
Chris Ambrosio Completed 08/30/2016 12:13 PM
Budget and Finance Completed 08/30/2016 12:14 PM
Kathy Peters Completed 08/30/2016 2:30 PM
Board of County Commissioners Pending 09/21/2016 9:00 AM
4EGOIX4K